Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Consumer Protection

Question:
This Act provides for action against anti-social activities of profiteers, hoarders and black marketers. Which of the following Act is being referred to here?
Options:
Consumer Protection Act 1986
The Indian Contract Act, 1872
The Essential Commodities Act, 1955
The Standards of Weights and Measures Act, 1976
Correct Answer:
The Essential Commodities Act, 1955
Explanation:
The Essential Commodities Act, 1955: The Act aims at controlling production, supply and distribution of essential commodities, checking inflationary trend in their prices and ensuring equal distribution of essential commodities. The Act also provides for action against anti-social activities of profiteers, hoarders and black marketers.